The glittering 81st Annual Academy Awards have just ended, showering prestigious honors on its winners, and pumping lots of money into the economy.
February 23, 2009 4:38 by Aarti Nagraj
The Oscars are given out by the Academy of Motion Picture Arts and Sciences, a body that was founded in 1927 by 36 influential people in the motion picture industry at the time. It’s an honorary membership organization, and currently includes more than 6,000 artists and professionals.
Apart from the Annual Academy Awards, the body runs several events throughout the year including public screenings, exhibitions, panel discussions, tributes, and lectures, gives out grants and scholarships for media study. It also produces merchandise like posters and books.